Surging Tanker Rates Signal a Deepening Global Energy Crisis
Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners,
Global tanker freight rates are surging to record levels with little respite in sight, a sign of the growing strain in oil markets as traders, shipowners,
Russia has conducted two dark ship-to-ship (STS) transfers involving oil cargoes that traveled through the Northern Sea Route, highlighting the increasingly
Brent crude futures breached $100 a barrel on Wednesday for the first time since late July, as Iran and the U.S. hit tankers in the biggest wave of attacks on
Two supertankers carrying Saudi oil were struck by unknown projectiles within minutes of each other while transiting outbound through the Strait of Hormuz late
Earnings for ships on the world’s benchmark oil tanker route approached $650,000 a day as the Iran war and a bold bet by a South Korean tycoon continue to
(Bloomberg) — The flow of crude through the Strait of Hormuz is creeping higher as producers across the Middle East boost exports in the face of Iran’s
Japan plans to support the construction of pipelines that bypass the Strait of Hormuz after the US-Iran war laid bare the country’s vulnerability to
Venezuela's dilapidated oil port terminals are imposing a de facto export cap on the country's resurgent crude production, with tankers having to wait up to 30
Saudi Aramco resumed oil loading from inside the Strait of Hormuz last week and has more tankers waiting to load as the state energy giant offers spot heavy
Russia's main Black Sea oil port of Novorossiysk resumed operations on Sunday after halting loadings on Friday following a drone attack, two trading sources
The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left
Russia has dispatched an unprecedented convoy of oil tankers to within 500 nautical miles of the North Pole sending the fleet onto one of the most northerly
Russia has assembled an unprecedented fleet of oil tankers in the Arctic as it accelerates crude exports to Asia via the Northern Sea Route, with vessels
The key Saudi export port of Yanbu in the Red Sea appeared to have its busiest day since Houthi threats upended shipping in the region, while more ships
New energy data shows the crude cushion that has been built up will be shrinking in the next 2-3 months unless geopolitics improve. In a webinar, Vortexa
A sanctions-hit tanker is leaking oil off the coast of Oman and the spill has spread in recent days, increasing concern about possible environmental damage to
Six Saudi oil tankers are sailing away from the Bab el-Mandeb chokepoint and appeared to be embarking on an unusual trip around Africa as threats from Houthi
Russia sent the first conventional, non-ice-class LNG carrier of the year to the sanctioned Arctic LNG 2 project on Wednesday as a growing fleet of crude oil
The price of crude is not reflective of the supply reality in the Middle East, and based on crude trade data, the runway left for this crude reality can be
An Asia-bound supertanker carrying Saudi oil has exited the Red Sea via the longer Suez Canal route while other vessels continue to risk the Bab el-Mandeb
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